i have quietly continued to read this thread with bemusement for many months.
expert after expert debating speculative fundamentals.
but heavily liquid penny stocks tend to be technically driven, so arguing over fundamentals in a bear market is kind of a moot point.
on this basis, my pretty amatuer charting skills tell me that a descending wedge has emerged with a price target of 4.5c
one more higher high (say 3.8 close?) and the chart will have broken out of that ugly 4 month old downtrend.
if there is a half decent chartist out there with a bit of technical savvy that knows how to post a chart to either confirm or negate my decision to reenter for a short term hold, i would be much appreciative
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